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The lawsuit demands coverage from insurers following opioid and product liability-related settlements.
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Predicted market pricing corrections have yet to be seen broadly.
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The promoted employees have all been with BHSI’s Singapore offices for years.
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States are grappling with first responder claims litigation as some move to expand presumptions to more worker types.
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The figure represents a quarterly increase of 102%.
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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims?
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This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
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The deal covered US and European P&C liabilities for Accelerant's 2020-2021 underwriting years.
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Sanchez will report to Carolina Carmona, LSM’s head of financial lines in south Florida.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The report flagged “opportunistic underwriting” by many of the major markets.
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The CEA has $326.4mn towards risk transfer, 44% below budget.